Is Brady Dougan making a flying start in his new role as chief executive of Credit Suisse First Boston in New York? Four months ago, Brady?s career at CSFB looked washed up. Former CEO, John Mack had given him a book of first class airline tickets and commanded: ?Go east, young man, and bring us multiple mandates.? Of course, this was anathema to Brady Dougan, who didn?t feel comfortable anywhere east of Manhattan. Europe was a spooky place with people who spoke in strange dialects and who didn?t know a single rule of baseball. But he dutifully went to Europe, where he intelligently schmoozed his old pal, Ossie Grübel of Credit Suisse in Zürich and explained that his life under John Mack hadn?t been a bed of roses. Did Brady win any mandates for CSFB while he was briefly in Europe? Not as far as we know, but we would be pleased to be corrected.
July 23, 2004